Post by
pmseeker on Feb 02, 2019 8:12pm
info on whats happening
. MRGE's proposed Pipeline 264 Miles is needed by all parties. Mexico, as well as majors such as Shell, BP, etc need this project to happen. Win win for everyone. MRGE is also bidding for the opportunity to build the largest storage field in North America. Whitehall negotiating for MRGE https://www.whitehallandcompany.com/transactions Permian Basin desperately needing a pipeline to get ride of natural gas. Mexican government needing private money to help with infrastructure Billion $$$ companies signing agreements with MRGE for pipeline usage (TrailStone NA Asset Holdings, LLC ) https://finance.yahoo.com/news/mirage-energy-enters-mou-reserved-120000683.html. Trailstone is a subsidiary of Riverstone, "Riverstone is an energy and power-focused private investment firm with $38 billion of capital raised". https://www.riverstonellc.com/ Project has increased from 36" to 42" pipeline 1.2 Billion Cubit Feet of Gas a day flowing thru that size of pipe due to huge demand for this project. From Dec 2018 10K: OUR PROPOSED INTEGRATED PIPELINE AND STORAGE PROJECTS Mirage, through its wholly owned subsidiaries, intends to develop an integrated pipeline and natural gas storage facility in Mexico and the United States. During 2018, Mirage has been working to address the two main impediments affecting private sector companies attempting to enter the Mexico gas market. Presently, Mirage acknowledges a lack of private sector cross-border pipeline access to the Mexico gas markets and a national shortage of Mexico-based natural gas storage facilities and capacity. Mirage is proposing to develop the Concho-Progreso Pipeline connecting South Texas and Mexico via it proposed Progreso International crossing under the Rio Grande River. All of the pipelines are being revised upward from 36 to 42 inch diameter pipe. The total length of the Concho-Progreso pipeline is estimated to be 250 miles. This proposed pipeline includes the following components: (a) a 7.1 mile 42 bi-directional U.S. pipeline termed the Concho Connector which proposes to tie into the Banquete and Agua Dulce headers; (b) a 39.1 mile 42 bi-directional U.S. pipeline known as the Concho Extension linking the Concho Connector and its tie-ins to the Companys Concho line; CEO Ward interviewed by natural gas news. He presented our project at the NGF with Shell, BP and other majors in attendance, on the same podium: https://www.naturalgasintel.com/articles/116598-mexico-pipeline-capacity-storage-constraints-on-us-natural-gas-storage-firms-checklist "Our pipeline reserve capacity is being offered to private commercial shippers only," Mirage CEO Michael Ward said earlier this month at the LDC's US-Mexico Natural Gas Forum in San Antonio.